All articles by Ed Devlin – Page 202
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News
Karro bags £74m package to aid next stage of expansion
Pork supplier Karro Food Group has secured a £74m funding package to support UK and international expansion.
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News
Reckitt Benckiser K-Y Jelly deal leads to more friction with competition watchdog
Durex owner Reckitt Benckiser’s attempt to acquire the K-Y Jelly brand is to come under more intense scrutiny from the UK’s deal watchdog as a result of concerns over higher prices for shoppers.
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News
M&S profits rise as food ‘outperforms’ the market and capex tap is turned off
Marks & Spencer was one of the biggest risers on the FTSE 100 today after posting a 3.4% rise in pre-tax profits to £600m.
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News
City Snapshot: Bolland upbeat as M&S reveals first rise in profits under his reign
Marks & Spencer CEO Marc Bolland has praised the performance of the retailer’s food business as the high street bellwether posted a 6.1% rise in underlying pre-tax profits to £661.2m – the first rise in the bottom line for four years. Plus Britvic CFO announces retirement as drinks company posts interim results.
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News
Media Bites 20 May: Asda, Walmart, deflation, Premier Foods
Asda licks its wounds as it lags behind rivals; sales and profits fall at Walmart; UK in deflation for first time in 55 years; and Premier Foods and Greencore confident in face of falling prices.
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News
Premier Foods benefits as supermarkets hit back at discounters
Premier Foods said it was starting to see the benefits of the brutal grocery price war as the supermarkets fight back against the growth of the German discounters.
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News
Asda sales slump in ‘most challenging year yet’ for supermarkets
Asda has revealed a 3.9% fall in like-for-like sales during an “unprecedented” quarter in the grocery market.
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News
City Snapshot: Sales sizzle past £1bn at Cranswick
Sales at pork supplier Cranswick pass £1bn for the first time. Plus, Thorntons begins search for new CEO as Jonathan Hart resigns; Co-op executives survive stormy AGM; and shares in M&S soar as retailer gets set to unveil rise in profits.
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News
Media Bites 18 May: M&S, Co-op, Massimo Zanetti
Pressure eases on M&S CEO as retailer set to post rise in profits; Co-op executives face stormy AGM; and Massimo Zanetti to raise €200m.
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News
C&C Group sales climb despite challenging environment
C&C also revealed a €67.8m loss due to a €150m impairment charge related to its US operations
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News
Coca-Cola HBC boosts FTSE 100 as first quarter sales fizz
Coke bottler Coca-Cola HBC helped drive the FTSE 100 higher this morning after posted an unexpected rise in first-quarter sales.
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Analysis and Features
Crowdfunding: the advantages and the risks
More and more fmcg start-ups are turning to crowdfunding to raise cash. So what makes a successful crowdfunding bid?
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News
Price war set to drive M&A consolidation, warns Grant Thornton
UK M&A volumes held up in the first quarter of 2015, but deal values were significantly down as small-scale consolidation dominated the market.
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Analysis and Features
Nomad Foods sets sights on frozen empire in wake of Iglo deal
Findus tipped but there are many candidates ripe for netting
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News
Birds Eye sales slump as Nomad steps in
Newly filed accounts at Companies House for the UK business revealed pre-tax profits plunged more than £20m (26%) to £62.7m on sales down 4.6% to £446.3m in 2014
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News
City Snapshot: Former Morrisons boss takes home £2.1m in final 12 months
Sacked Morrisons CEO Dalton Philips was given a total pay package of £2.1m last year, which included a £1m annual bonus. Plus East of England Co-op reports full-year results and Divine Chocolate merges UK and US businesses.
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News
Media Bites 28: Morrisons, Brew Dog, Diageo
Morrisons annual report reveals Dalton payout, BrewDog admits mistakes in crowdfunding documents, Diageo faces tussle with India’s ‘king of bling’, and China overtakes France in terms of hectares of lands devoted to vineyards.
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News
City Snapshot: United Spirits dispute leaves Diageo with a hangover
An emergency meeting by the board of United Spirits has given the Indian drinks company’s biggest shareholder Diageo a headache today.
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News
Media Bites 27: Supermarkets, Tesco, Co-op
City analysts predict more profits pain for the listed supermarkets, Co-op chairman Allan Leighton readies himself for society’s AGM and GCA to hold surgeries to encourage more suppliers to come forward.
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News
New Birds Eye owner has 'ambitious' plans, says Nomad source
The firm sees grocery as ripe for consolidation and will be “nimble and opportunistic” in building on its anchor investment in the iconic frozen food company, sources close to Nomad told The Grocer this week